₦airaland Forum

Lance008:
The plain truth is that it's doesn't get easier any child born here must struggle to have a visa to a develop country

YouandiAllofus:
Some of the best architects today are in Dubai
Some of the best managers today are in India
Some of the best manufacturers today are in china.

All these came into being within the last 30yrs. And Nigeria cannot be an exception if we truly want to make it work.
This is no motivational write-up, but just to let you know that a better people make a better nation.
It all starts from our personal choices, choices of leadership and our personal capacity to always choose to do that which is right over that which is not.
And with purposeful and visionary leadership, we can achieve a whole lot as a nation.

Babaken:
what you just said is pure looking at the future of this country and the mindset of our political leaders.

YouandiAllofus:
While your advise is a wise one, however, those countries you mentioned were built by people like me and you. And now everybody want to go there and become citizens.

If we want to, we can make Nigeria work just like that too.

MASTERCHIEF0847:
Should we give birth to Ghanians?

Jeon:
Yes , at least I ve educated you a little .

Jeon:
You think you're saved?. Your brain still low . 😂 more than five people can eat from the same plate and nothing can happen to them apart from the chosen one. In other words, eating from same plate doesn't guarantee your safety.

Just cook your own food, or don't even use anything she touches.


Clap for you self



There must be an evil thoughts or doings in you because you will never thought this without some negative idea.

DenreleDave:
To all the men out there that are married and blessed with kids..... How are you coping?

How are you surviving with no job?

How are you surviving with low source of income?

How is your home? How do u keep going despite the hardness?

My experience today seeing a family man is not good ....

I feel so bad that I am so helpless to help forever......

Your sadness will be over... Every difficult thing in your life will be solved... You and ur family will smile......

God bless all struggling married men with responsibilities....

Hundreds of trucks bound for Niger have been blocked in Malanville, the border town between Benin and Niger, following the coup.

This has been going on for weeks, with Benin having closed its border with Niger in accordance with one of the decisions taken by the ECOWAS. Transporters in the border town have been hard hit according to reports gathered.

“When you're parked like that, the validity of the insurance runs out every day, the technical inspection too, the papers are running out. Let's not even talk about the food here. How much are you going to eat in two weeks?” drivers laments.

ImmanuelMyron:
Date, time, day, moment, you gon' die you really can't tell.

"Na where life shift you reach dem dey call AYEDE"
Lol!

LeoDeKing:
I underlined one name associated with Nigeria in the report below. I can't blame Seychelles.

A Strange trend starts as Nigerians uses punchline "This Administration will favour me and my family IJN" to react to APC supporter's lamentation about the new government

“After the stress and pain I went through to campaign for APC, I'm shocked at what I've seen” — APC supporter laments

l did not force the men to send me money so l wiII not return it - Iady who coIIects money from men but doesn’t visit challenges officer Taul

When a nation's currency is free to float, supply and demand on the open market, rather than the government or a fixed exchange rate system, decide how much it will cost to buy and sell. The consequences of this include various things:

1. Volatility: The exchange rate can fluctuate quickly, sometimes even daily, as a result of market forces that determine it. It may be challenging for firms to plan and make investments due to this volatility's potential to breed uncertainty.

2. Competitiveness: A country's competitiveness may be impacted by a freely floating currency. A strong currency may make exports more expensive, which could reduce demand for the nation's products and services on the international market. A lower currency value, on the other hand, can increase export appeal and provide businesses a competitive edge.

3. Inflation: A country's inflation rate can be considerably impacted by the value of its currency. Increased import costs might result from currency depreciation, which will raise inflation. A strong currency might also result in lower inflation since imports are less expensive.

4. Interest Rates: The value of a currency can affect the interest rates in a nation. Investor desire for higher interest rates in a sinking currency may increase borrowing costs.

Overall, a freely floating currency can have advantages including increased monetary policy flexibility and the ability to adapt to external shocks, but it also needs to be carefully managed to reduce any risks and uncertainties.

The Central Bank of Nigeria (CBN) directed commercial banks to sell forex freely at market-determined prices on Wednesday.

This means that Nigeria has relaxed its grip on the naira, allowing it to float. There were differing opinions on whether the naira should be floated by the government.

When the International Monetary Fund (IMF) originally proposed the concept to Nigeria in 2022, many financial experts argued that it would be detrimental.

To be clear, the naira's free float means that the exchange rate is no longer determined by the government or a monetary institution such as the CBN.

It also implies that the exchange rate at any given point in time is controlled by the interaction of market forces of supply and demand for foreign exchange.

Simply expressed, the rate at which the naira is exchanged for any foreign currency is determined by the agreed-upon price between the buyer and seller. This would also be free of any CBN involvement in the form of regulations or policy.

When the plan was first proposed in 2022, experts warned that floating the naira would eventually lead to the currency's total collapse.

The move would also mean that the naira's value against all other currencies would continue to fall, eventually becoming worthless and causing a currency crisis in Nigeria.

They also predicted that it would have a detrimental impact on Nigeria's manufacturing and other exchange-rate-dependent industries, resulting in a negative supply shock.

A supply shock is an unanticipated incident that alters the supply of a product or commodity, resulting in a sharp price change.

A negative supply shock reduces output, which causes prices to rise at an alarming rate.

landiqa:
If you are serious about it you drop your contact 😤😤😤